-- Venture Energy and Shanghai Shenji Energy & Environmental Technology Company have signed a green methanol procurement and supply deal to strengthen the supply of low-carbon marine fuel, the companies said on Monday.
Under the agreement, Venture Energy will purchase ISCC EU-certified green methanol from Shenji Energy, which complies with the European Union's Renewable Energy Directive, with the first shipments scheduled for H1 2026.
The fuel is produced from biomass feedstocks, including municipal waste, crop straw, and livestock manure, and is designed to deliver significant reductions in lifecycle carbon emissions.
The companies said the product is intended to help shipping operators meet tightening regulatory requirements, including the EU Emissions Trading System and the FuelEU Maritime Regulation.
Venture Energy plans to leverage its shipping network and Hong Kong's position as a regional maritime hub to connect Chinese clean fuel producers with global marine fuel buyers. It also plans to offer supply-chain services to support end-to-end delivery of green marine fuels from mainland China production sites to bunkering ports across Asia.
Shenji Energy said it will supply ISCC-certified biomethanol along with verified sustainability certificates to ensure traceability across the value chain.
The partnership also includes cooperation on sourcing biogas feedstock and ISCC certification systems, which the companies said will support a standardized, traceable trading framework for renewable marine fuels.